https://www.taxtmi.com/forum/issue?id=118855 Third party discharge of royalty directed by the foreign recipient is permissible subject to foreign exchange controls and Authorised Bank approval. IGST already paid as part of customs on import need not be paid again; where supplies are taxable, TDS on GST must be deducted. A tri party agreement may be required by the bank, which may insist on RBI permission if transaction genuineness is not established. Payments should be routed through proper channels such as a VOSTRO account and supported by a comprehensive invoice. en-us Thu, 16 Nov 2023 18:48:59 +0530 Fri, 24 Jan 2025 10:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118855 Third party discharge of royalty directed by the foreign recipient is permissible subject to foreign exchange controls and Authorised Bank approval. IGST already paid as part of customs on import need not be paid again; where supplies are taxable, TDS on GST must be deducted. A tri party agreement may be required by the bank, which may insist on RBI permission if transaction genuineness is not established. Payments should be routed through proper channels such as a VOSTRO account and supported by a comprehensive invoice. Discussion-Forum FEMA Thu, 16 Nov 2023 18:48:59 +0530 https://www.taxtmi.com/forum/issue?id=118855